USCI vs. AGGA

Last updated Jun 23, 2026

USCI (United States Commodity Index Fund) and AGGA (Astoria Dynamic Core US Fixed Income ETF) are both exchange-traded funds - USCI is a Commodities fund tracking the SummerHaven Dynamic Commodity (TR), while AGGA is a Multisector Bonds fund actively managed by Astoria. USCI is passively managed, while AGGA is actively managed. Over the past year, USCI returned 22.37% vs 4.33% for AGGA. At a correlation of -0.27, they often move in opposite directions. USCI charges 1.03%/yr vs 0.55%/yr for AGGA.

Performance

USCI vs. AGGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in United States Commodity Index Fund (USCI) and Astoria Dynamic Core US Fixed Income ETF (AGGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USCI achieves a 19.44% return, which is significantly higher than AGGA's 0.86% return.

USCI

• 1D: -0.19%
• 1M: -6.88%
• YTD: 19.44%
• 6M: 17.65%
• 1Y: 22.37%
• 3Y*: 19.76%
• 5Y*: 18.47%
• 10Y*: 8.20%

AGGA

• 1D: -0.14%
• 1M: 0.38%
• YTD: 0.86%
• 6M: 1.00%
• 1Y: 4.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USCI vs. AGGA - Yearly Performance Comparison

	2026 (YTD)	2025
USCI United States Commodity Index Fund	19.44%	13.42%
AGGA Astoria Dynamic Core US Fixed Income ETF	0.86%	4.49%

Correlation

The correlation between USCI and AGGA is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.27
Correlation (All Time) Calculated using the full available price history since May 1, 2025	-0.27

Return for Risk

USCI vs. AGGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USCI

USCI Risk / Return Rank: 41
USCI Sharpe Ratio Rank: 39
USCI Sortino Ratio Rank: 36
USCI Omega Ratio Rank: 36
USCI Calmar Ratio Rank: 48
USCI Martin Ratio Rank: 48

AGGA

AGGA Risk / Return Rank: 66
AGGA Sharpe Ratio Rank: 63
AGGA Sortino Ratio Rank: 70
AGGA Omega Ratio Rank: 67
AGGA Calmar Ratio Rank: 62
AGGA Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USCI vs. AGGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for United States Commodity Index Fund (USCI) and Astoria Dynamic Core US Fixed Income ETF (AGGA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	USCI	AGGA	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.01	-0.67
Sortino ratio: Return per unit of downside risk	1.85	3.04	-1.19
Omega ratio: Gain probability vs. loss probability	1.23	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	2.31	2.96	-0.66
Martin ratio: Return relative to average drawdown	7.89	11.83	-3.94

USCI vs. AGGA - Sharpe Ratio Comparison

The current USCI Sharpe Ratio is 1.34, which is lower than the AGGA Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of USCI and AGGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USCI vs. AGGA - Drawdown Comparison

The maximum USCI drawdown since its inception was -66.41%, which is greater than AGGA's maximum drawdown of -1.47%. Use the drawdown chart below to compare losses from any high point for USCI and AGGA.

Drawdown Indicators

	USCI	AGGA	Difference
Max Drawdown Largest peak-to-trough decline	-66.41%	-1.47%	-64.94%
Max Drawdown (1Y) Largest decline over 1 year	-9.73%	-1.47%	-8.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.82%	—	—
Current Drawdown Current decline from peak	-9.73%	-0.26%	-9.47%
Average Drawdown Average peak-to-trough decline	-29.44%	-0.22%	-29.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	0.37%	+2.55%

Volatility

USCI vs. AGGA - Volatility Comparison

United States Commodity Index Fund (USCI) has a higher volatility of 3.15% compared to Astoria Dynamic Core US Fixed Income ETF (AGGA) at 0.77%. This indicates that USCI's price experiences larger fluctuations and is considered to be riskier than AGGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USCI	AGGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	0.77%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	14.04%	1.69%	+12.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.76%	2.16%	+14.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.35%	2.24%	+16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.86%	2.24%	+13.62%

USCI vs. AGGA - Expense Ratio Comparison

USCI has a 1.03% expense ratio, which is higher than AGGA's 0.55% expense ratio.

Dividends

USCI vs. AGGA - Dividend Comparison

USCI has not paid dividends to shareholders, while AGGA's dividend yield for the trailing twelve months is around 4.25%.

Position	TTM	2025
AGGA Astoria Dynamic Core US Fixed Income ETF	4.25%	2.81%
USCI United States Commodity Index Fund	0.00%	0.00%

Frequently Asked Questions

Can I hold both USCI and AGGA in my portfolio?

USCI and AGGA have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USCI or AGGA?

USCI has higher volatility (3.15%) compared to AGGA (0.77%). In terms of maximum drawdown, USCI dropped -66.41% vs AGGA's -1.47%.

Which ETF is better, USCI or AGGA?

On 1-year performance, USCI leads with 22.37% vs 4.33% for AGGA. On fees, AGGA is cheaper at 0.55% per year. On volatility, AGGA has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USCI or AGGA?

Over the 1-year period, USCI has performed better with a 22.37% return vs 4.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USCI or AGGA?

AGGA is cheaper with a 0.55% expense ratio, compared with 1.03% for USCI.

Which ETF pays a higher dividend yield, USCI or AGGA?

AGGA has the higher dividend yield at 4.25%, compared with 0.00% for USCI.

What is the main difference between USCI and AGGA?

USCI is categorized as Commodities, while AGGA is Multisector Bonds. They also come from different issuers: Concierge Technologies and Astoria. Their fees differ too: 1.03% for USCI and 0.55% for AGGA.

Which has better risk-adjusted returns?

AGGA currently has the higher Sharpe Ratio (2.01 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.